Easing Evergrande fears lift FTSE 100 as investors brace for Fed rate decision September 21, 2021 The FTSE 100 rallied today to cancel out sharp losses registered yesterday, driven by easing fears over the fallout if heavily indebted Chinese property Evergrande collapses. The capital’s premier index finished up 1.12 per cent at 6,980.98 points, up from this week’s starting position of 6,963.64 points. Global markets sold off sharply on Monday, triggered [...]
MPs to grill social media giants over ‘inaction’ on financial fraud September 21, 2021 MPs will tomorrow probe the role of online giants like Facebook and Google in preventing financial fraud amid concerns the companies are letting scammers run rampant on their platforms. Westminster’s Treasury Select Committee will grill senior figures from Amazon, Google, Facebook and eBay for its inquiry into “combatting economic crime”, with one MP lamenting “the [...]
Legal Q&A: What uncertainty around the Ashes means for England, the players, contracts, sponsors and broadcasters September 21, 2021 Lawyer Jamie Horner examines the legal issues around this winter’s Ashes series between England and Australia, which remains in the balance due to Covid-19 restrictions Down Under. What are some of the key legal issues around this Ashes series? The key issue is the difference between Covid-19 restrictions in the UK and the more draconian [...]
A letter from Google to Big Tech September 21, 2021 Tomorrow the Treasury Select Committee will call representatives from across tech companies to explain the role we each play in helping prevent financial scammers exploiting online platforms. In the UK, people are targeted by increasingly sophisticated scammers on and offline, causing financial and emotional difficulty for many people. According to UK Finance, in 2020, total [...]
PensionBee boss: UK is ‘painfully unaware’ when it comes to pension options September 21, 2021 Legislation dating back almost two decades is contributing to a general inertia in the UK when it comes to pensions and is holding people back with their financial planning, according to online pension provider PensionBee’s CEO Romi Savova. “As a society, we are painfully unaware of the huge benefit that our pensions will have for [...]
Joe Biden doubles US climate change aid to $11.4bn a year in lead up to Cop26 September 21, 2021 The US will double its annual climate change aid budget and give $11.4m per year by 2024 to developing countries, President Joe Biden announced today. Biden said at the UN General Assembly that the new commitment will make the US “the leader of public climate finance” just months before the Cop26 climate summit in Glasgow. [...]
Wise launches cross-currency investment feature for UK customers September 21, 2021 British fintech giant Wise has entered the retail investing space with its new feature “Assets”, which allows UK account holders to invest in stocks across 54 currencies. As of today, individuals and businesses holding Wise accounts will be able to hold their money as stocks and use Assets to invest in BlackRock’s iShares World Equity [...]
Football NFT platform Sorare raises $680m in Series B funding round September 21, 2021 Sorare, an NFT-based fantasy football game, has raised $680m (£497m) in Europe’s biggest ever Series B funding round. On the Sorare platform users buy, sell and exchange digital football cards, representing players, to build a fantasy team. Each card is an NFT meaning that it is unique and ownership is verifiable on a blockchain. “Sorare’s [...]
Small supplier Green eyes insolvency advisors as energy crisis bites September 21, 2021 Small energy supplier Green could be the next firm to go under amid rising costs as it is reportedly lining up insolvency advisors. It comes as the government decided against stepping in to help buoy struggling firms that are failing to keep up with surging prices for electricity and gas. Green’s collapse, which could happen [...]
Hong Kong Racing Tips: Take a chance on Transcendent swooping late in finale September 21, 2021 MANY of the punters at Happy Valley on Wednesday will nominate top-weight Decisive Twelve as their banker bet of the meeting, when the Chris So-trained five-year-old lines-up in the finale, the Cooper Handicap (3.50pm) over six furlongs. The Australian bred gelding was the easiest winner of the meeting, when dashing clear of his rivals over [...]
